Jitender Bansal Email and Phone Number

As Country Finance Head for CIMMYT India ensure provision of seamless support to Research Teams and efficient financial management of various institutional resources.Key Responsibilities • Budget formulation, monitoring and tracking; Instituting corrective measures against deviations• Defining Internal Control Systems • Coordinating Accounts finalization, Audit co-ordination - internal and external audits & compliance requirements -applicable local regulatory and tax legislation• Improve, develop, and implement operations driven policies • Financial Planning & Analysis; Internal Reporting - MIS and high quality financial reports to various stakeholders • Cash Management processes & liaising with the banks • Manage procurement process with strong focus on transparency & value for moneyAchievements• Independently set up the processes & controls for apposite Planning and Reporting;• Reduced operational risks to financial performance by combining quantitative and qualitative factors• Design and monitor SLAs for adequacy of controls in vendor payments and timeliness.• Lead Payroll Automation and Outsourcing• Instituted a mechanism to charge Common Support Costs across projects;• Successful Training Programme for Finance teams to enhance their skillset• Improved Data Capturing from outreach offices• Highlighted non compliances of various tax, labour and regulatory issues and instituted remedial measures;• Set up New Office - Space Identification; RBI Approval; and Renovation • Accomplished cost savings by establishing Corporate Tie ups with existing and new Vendors; • Designed Automated Cab Booking & Flight Booking Systems and developed PO Tracker

Key Responsibilities • Evaluate business transactions from strategic, operational and financial perspective and present to the management.• Managing Aircraft lease repayments; loan repayments; letter of credits; RBI clearances; obtaining optimum exchange rates & ensuring compliance of RBI regulations• Detecting weaknesses in Internal Control Systems and serving as an aid to management; • Identify cost reduction & revenue enhancing avenues via performance audits• Translating findings into creating a robust Internal Control System by ensuring that gaps are bridged; and • Ensuring compliance of statutory obligations• Key Areas of Performance audit- Revenue operations; Engine Repair Centre; Flight Catering; Ground Support; Hotel operations; Billing & credit card frauds; Inventory Procurement, Crew Payments, Receivables, Payables.• Responsible for day-today accounting and processing of vendor and import payouts, accruals, inventory accounting etc.• Coordinating various audits –internal, statutory & government; Achievements• Restructured Audit strategy leading to reduced team working hours, thereby increasing project profitability • Identified potential cost reduction & revenue enhancing avenues contributing millions to the treasury• Prepared a process risk inventory by reviewing significant biz processes & objectively assigning a numerical risk score to each of the process• Taking stands and applying judgments in consultation with tax advisors during biz decisions specifically withholding tax• Played key role in finalizing contracts with Foreign Agencies from Germany & Japan.• Overall accountability of financial control &GL Accuracy• Design & monitor SLAs for adequacy of controls in vendor payments and timeliness.• Timely closure of books every month and submission of MIS to Head office• Independently set up the accounting processes, controls & got the stat audit completed within corporate timelines